It proved that a small V-twin motor was as sporting a proposition on the road as a high-revving in-line four-cylinder, at least in the hands of the average rider.
Ten years on, the Suzi updates make it an even better ride.
It's all about useable power, of which a V-twin running a well-sorted fuel-injection system has heaps.
Available in half-faired and naked versions, the SV650 is the latest model in the Suzuki range to get Antilock Brake System (ABS).
Both are powered with a 645cc, DOHC, 90-degree V-twin engine that has been developed over a decade.
Now they have Suzuki's dual throttle valve (SDTV) digital fuel-injection system, with 39mm throttle bodies and a 8.5-litre airbox. It is a crucial part of the SV650's crisp, clean throttle delivery, which gets the best out of this engine's broad powerband.
It responds vividly if you rev it hard or you can lug it around at low revs.
Despite being designed to appeal to riders of all skills, the SV650 doesn't feel like a compromise.
There's plenty of power for the experienced rider, with the ride hampered by the basic suspension. It kicks over bumps at speed but doesn't feel like it will turn into the dreaded steering head shake.
The 41mm conventional front forks and progressive-link rear suspension have adjustable spring preload but at $10,000 that's to be expected.
Twin 290mm floating-disc front brakes and a 220mm rear disc are quite adequate. The ABS is subtle and only the rear can be activated easily.
Despite having clip-on handlebars, the half-faired SV650S model has a good riding position for long stints in the saddle. It is a short reach to the lowish handlebars and the 800mm seat height will suit a range of riders.
A close look at the SV650 reveals an aluminium-alloy-truss frame, quality bodywork and full instrumentation.
This is a practical motorcycle with a sturdy passenger grab bar, luggage tie-down hooks and 17-litre fuel tank.
The naked SV650 sells for $9990, with the S model at $10,490.